Newmont Mining Corp (NEM) EVP Sells $188,600.00 in Stock

Newmont Mining Corp (NYSE:NEM) EVP Scott P. Lawson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $37.72, for a total value of $188,600.00. Following the sale, the executive vice president now directly owns 46,696 shares of the company’s stock, valued at $1,761,373.12. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Newmont Mining Corp (NYSE:NEM) opened at $37.52 on Friday. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $20,010.77, a P/E ratio of 26.99 and a beta of 0.10. Newmont Mining Corp has a 1 year low of $31.42 and a 1 year high of $39.63.

Newmont Mining (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. equities analysts anticipate that Newmont Mining Corp will post 1.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, December 7th. Newmont Mining’s payout ratio is presently 200.00%.

NEM has been the subject of a number of recent research reports. TheStreet downgraded Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, October 18th. TD Securities set a $42.00 price objective on Newmont Mining and gave the company a “hold” rating in a research note on Thursday, October 19th. BMO Capital Markets reissued a “buy” rating and issued a $43.00 price objective on shares of Newmont Mining in a research note on Wednesday, December 20th. Finally, FBR & Co set a $40.00 price objective on Newmont Mining and gave the company a “hold” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Newmont Mining currently has an average rating of “Buy” and an average price target of $42.64.

Several large investors have recently made changes to their positions in NEM. Schwab Charles Investment Management Inc. grew its holdings in shares of Newmont Mining by 4.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,850,678 shares of the basic materials company’s stock worth $59,944,000 after purchasing an additional 71,462 shares in the last quarter. BB&T Securities LLC grew its holdings in shares of Newmont Mining by 15.3% during the 2nd quarter. BB&T Securities LLC now owns 17,662 shares of the basic materials company’s stock worth $571,000 after purchasing an additional 2,343 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Newmont Mining during the 2nd quarter worth approximately $360,000. Federated Investors Inc. PA boosted its stake in Newmont Mining by 35.3% in the 2nd quarter. Federated Investors Inc. PA now owns 51,345 shares of the basic materials company’s stock valued at $1,663,000 after buying an additional 13,402 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in Newmont Mining by 0.7% in the 2nd quarter. Utah Retirement Systems now owns 97,791 shares of the basic materials company’s stock valued at $3,168,000 after buying an additional 700 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

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Newmont Mining Company Profile

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.

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